Teody is from the village of Magsaysay, Pana-on, Misamis Occidental. He is 49 years old. Teody is married and has 2 adult children. To make a living, Teody owns & operates a business venture in the services sector operating transportation services. While not the only means for generating revenue, the main source of income for the business comes primarily from operating motor transport services. Teody has been engaged in his business for over 1 year and earns approximately 1,500 PHP a month from these activities.
In 2011, Teody joined GDMPC to gain access to financial services to help improve his living situation and ability to engage in business activities. Teody is requesting a new loan of 10000 PHP, which will be used to purchase tires and other accessories. This loan will be the first loan taken out by Teody from GDMPC. He plans to use the additional revenue generated to improve/expand his business.
GDMPC is one of the most progressive cooperatives in Mindanao, Philippines. It has seven branches covering the provinces of Zamboanga del Sur, Lanao del Norte and Misamis Occidental. Its membership is composed mostly of farmers, fisherfolks and small entrepreneurs.
*Note: To maximize efficiency and reduce costs, this loan was posted using a template to automate the translation by Kiva. Given that manual translation of entrepreneur profiles is costly, Kiva created this template for our Field Partner to allow them to continue to post loans in English while providing quality and accurate information to Kiva lenders.
Gata Daku Multi-Purpose Cooperative (GDMPC) was founded in 1992 by 32 farmer-members to empower people by providing livelihood opportunities and other support services. Today, it has over 15,000 members located in upland, lowland and coastal regions of the Philippines, and offers credit, savings, education, and various social services.